Carnival Corporation (NYSE:CCL) announced a quarterly dividend on Thursday, January 18th, RTT News reports. Stockholders of record on Friday, February 23rd will be paid a dividend of 0.45 per share on Friday, March 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.59%.

Carnival has raised its dividend by an average of 17.0% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Carnival has a payout ratio of 42.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Carnival to earn $4.83 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 37.3%.

Carnival (NYSE:CCL) traded up $0.93 on Thursday, reaching $69.45. The company had a trading volume of 3,299,500 shares, compared to its average volume of 3,097,627. Carnival has a twelve month low of $52.65 and a twelve month high of $69.89. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.29. The company has a market cap of $49,210.00, a PE ratio of 19.35, a PEG ratio of 1.16 and a beta of 0.73.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The business had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the prior year, the business earned $0.67 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. analysts predict that Carnival will post 4.24 earnings per share for the current year.

A number of research analysts have commented on the company. Stifel Nicolaus upped their price objective on Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. Buckingham Research reaffirmed a “buy” rating and issued a $84.00 price objective (up from $80.00) on shares of Carnival in a report on Wednesday, December 20th. Deutsche Bank upped their price objective on Carnival to $70.00 and gave the company a “hold” rating in a report on Wednesday, December 20th. Barclays upped their price objective on Carnival from $67.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday, December 21st. Finally, Zacks Investment Research lowered Carnival from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Carnival presently has a consensus rating of “Buy” and a consensus target price of $72.78.

In other Carnival news, CEO Arnold W. Donald sold 5,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $65.57, for a total value of $327,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stein Kruse sold 60,665 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $66.59, for a total value of $4,039,682.35. The disclosure for this sale can be found here. Insiders sold 306,393 shares of company stock worth $20,524,631 over the last ninety days. 23.80% of the stock is currently owned by insiders.

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Carnival Company Profile

Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.

Dividend History for Carnival (NYSE:CCL)

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